4//SEC Filing
PYTAK RICHARD A JR 4
Accession 0001181431-11-051211
CIK 0001303849other
Filed
Oct 2, 8:00 PM ET
Accepted
Oct 3, 9:37 PM ET
Size
7.4 KB
Accession
0001181431-11-051211
Insider Transaction Report
Form 4
Avantair, IncAAIR.OB
PYTAK RICHARD A JR
Chief Financial Officer
Transactions
- Tax Payment
Common Stock, par value $.0001
2011-10-01$1.01/sh−550$556→ 25,680 total - Award
Stock Option (Right to buy)
2010-10-01+50,000→ 50,000 totalExercise: $2.40Exp: 2020-10-01→ Common Stock (50,000 underlying)
Footnotes (2)
- [F1]The 550 shares were redeemed by the Issuer from the Reporting Person to satisfy tax withholding obligations in connection with the shares vested on October 1, 2011. The shares were redeemed in relation to the 25,500 shares of Restricted Stock granted on October 1, 2009 pursuant to the Company's Long-Term Incentive Plan. One-third of the shares vested on October 1, 2010, and one-twelfth of the shares vest every three months thereafter.
- [F2]Represents 50,000 stock options granted pursuant to the Company's Long-Term Incentive Plan. One-third of the shares vest on October 1, 2011, and one-twelfth of the shares vest every three months thereafter. The Form 4 filed for the Reporting Person on October 1, 2010 reflected an incorrect expiration date of October 1, 2010. The actual expiration date for the stock options is October 1, 2020.
Documents
Issuer
Avantair, Inc
CIK 0001303849
Entity typeother
Related Parties
1- filerCIK 0001230473
Filing Metadata
- Form type
- 4
- Filed
- Oct 2, 8:00 PM ET
- Accepted
- Oct 3, 9:37 PM ET
- Size
- 7.4 KB